Preparing Your Finances

In addition to the monthly rent, there are other ongoing costs to consider. We advise calculating how much you can afford each month after regular outgoings, this includes outgoings such as the internet, TV license, council tax etc… There are also usually upfront costs involved when renting a property, these include -

Holding Deposit

If your application is successful, you will need to pay a holding deposit equivalent to one weeks rent for the property you are interested in. This will reserve the property whilst we process the references.

Tenancy Security Deposit

This could be the largest cost you will need to allow for. The deposit equates to 5 weeks rent where the annual rent is less than £50,000 and six weeks’ rent where the annual rent is £50,000 or more.

First Month’s Rent

Rent is usually paid monthly in advance, therefore you will need to pay upfront for the first month when you start the tenancy.

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